Roxar to Subsea for Rosa Project Offshore Angola

Roxar has been awarded a contract to supply its revolutionary designed subsea multiphase flow meters to the deepwater Rosa oil field, off the Angolan coast. The contract was awarded by FMC Kongsberg, a subsidiary of FMC Technologies. FMC Kongsberg has a US$120 million contract with the field operator Total to supply subsea systems to the Rosa field.

Roxar's light-weight flow meters are designed for maximum reliability, performance and flexibility. They provide accurate, continuous multiphase monitoring of the flow rates of oil, water and gas in the oil well stream. Each well has a jumper mounted meter with retrievable canisters containing electronics, CPU and power. The meters were selected as part of an international tendering process and consolidate Roxar's increased presence in West Africa - a key target region for its industry leading subsea flow measurement solutions.

Discovered in 1998, the Rosa field is located 135 kilometers off the Angola coast in water depths ranging from 4,200 to 4,900 feet (1,300 to 1,500 meters). According to Total, the Rosa development will require 25 subsea wells - 14 producers and 11 injectors - which will be linked back to the Girassol Floating Production, Storage and Offloading (FPSO) system 15 kilometers away. The new field is scheduled to come on stream in the first half of 2007, raising and prolonging the peak production of the Girassol FPSO.

Said Roxar CEO, Sandy Esslemont:

"As the oil and gas industry continually seeks to reduce costs and maximize production, the ability to remotely measure multiphase flows in real- time provides significant competitive advantage to E&P companies. This is particularly so in the subsea environment and we are delighted to be providing this competitive advantage to FMC Kongsberg and Total today."

He continues:

"Roxar's vision is to become the market leader in providing technology solutions to maximize reservoir performance. Through our world-leading flow measurement solutions and our commitment to working alongside customers as true technology partners, we look forward to helping Total and many others get the most out of assets at each and every stage of the oil field lifecycle."

Roxar's subsea multiphase flow meters make well testing operations quicker and more efficient as well as providing valuable new information for diagnosis and optimization of a well's performance. The meters are more accurate than separation-based systems because they are independent of separation efficiency and insensitive to slugs, foam, carry-overs and emulsions.

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